Short Problem - 8 Points (No credit allowed without showing computations.) A company's property records revealed the following information about its plant assets: Machine Salvage Purchase Depreciation Method No. Cost Value Date and Estimated Life 1 $42,000 $3,000 10/1/19 Straight-line (3 Years) 2 $86,000 $8,600 7/1/19 Double-declining Balance (5 Years) Calculate the depreciation expense for each machine for their first two years of usage. Machine 1: 2019 $ 2020 $ Machine 2: 2019 $ 2020 $